Hello BP Team…We have a contractor that left after the 2nd Draw and stole materials.

Regardless of whether the owner turns a profit, brokers are called up on to sell, lease and manage, lenders will finance, contractors (often affiliated with PM companies will be called upon to put out the constant fires).

Pretend your getting the hardest rain you have ever seen and imagine where the water is going.I would also keep an eye out for sewer lines and type of material.

However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.

Get something durable in a color that does not stain easy and a material that can be scotchguarded and you will be good for several years.

Using quality yet affordable materials can transform a space without excessive costs.I could remember working on a property an investor purchased.

If you continue using it as a rental but reduce STR activity below the material participation threshold, your deductions may become passive and subject to loss limitations.2.

You are presuming the "seller used the cheapest labor, cut corners and and used the cheapest materials."

Single-family management companies are seeing interest from buyers.